Welcome to the Policemen's Annuity and Benefit Fund of Chicago

Chief Investment Officer Hired

The Fund has hired
a new Chief Investment Officer, Ms. Aoifinn Devitt,
effective April 5, 2016. Ms. Devitt has worked with
institutional clients for her entire investment
career, which has spanned the US, Europe and
Asia. Her prior experience includes work as a
specialist consultant at Cambridge Associates
Limited (London and Boston), establishment of
Clontarf Capital, a research and consulting firm
with focus on assisting public pension funds,
work in the investment banking division of Goldman
Sachs in London, and experience as a corporate
attorney at Debevoise & Plimpton (New York
and Hong Kong).

Aoifinn graduated from Trinity College Dublin
with a first class degree in law and received a BCL
(Oxon) and an MBA (INSEAD, Dean’s list). Please
welcome Aoifinn to the Fund.

Prior to Aoifinn joining the Fund, Trustee and
Lieutenant James Maloney served as the Fund’s
Acting Chief Investment Officer, for approximately
sixteen months.The Fund sincerely thanks him for his dedication and commitment
to the Fund in this important role.
Trustee Maloney will continue his role as Investment
Committee Chair and Recording Secretary to
the Retirement Board.

Pension Advisor

MILITARY CREDIT

Sworn Police members are eligible to purchase up
to 2 years pension credit for prior Active Military
service. An Application must be accompanied with a copy of your DD214.
If the qualifications are met, this provision allows
a member to purchase in monthly increments up
to 2 years and must be applied for and paid prior
to retirement.

Mandatory Signature Verification for Annuitants

The Fund sent a mandatory signature verification
form to all annuitants in early March. All responses
received have been recorded into the Fund’s
system and signature verification continues. For
those who have not yet responded, a second and
final verification form was recently sent. Please
respond ASAP to avoid any disruption in payment.

As staff reviewed the many signature verification
forms received, many changes were noted, including
address modifications, new phone numbers
and power of attorney requests. Please make sure
that you keep the Fund’s staff updated on these
important changes, so that all communication
sent to each annuitant is received.

2016 BENEFIT PAY DATES

Retirees, who have direct deposit set up for their
monthly annuity, remember the direct deposit is
entered to your bank on the LAST BUSINESS DAY
of each month. This excludes weekends and holidays. For the remainder of 2016 the direct deposit
dates are:

January 29, February 29, March 31 April 29, May 31, June 30, July 29, August 31,
September 30, October 31, November 30, December 30.

For retired members who have checks mailed
directly, please be advised, mail date is four business days prior to payable date. The Fund has no
control over the U.S. Postage Service and will not
guarantee prompt delivery of any check(s). Reissuance of a “lost” or “destroyed” check cannot
occur until the 5th business day of the following month. Which, when re-issued, is mailed again
through USPS. We highly recommend direct
deposit to avoid any delays in receiving your
monthly benefit.

REMEMBER

Attention All members, Active, Retired and Surviving
Spouses;

As life events occur, relocations,
marriages, births, deaths, divorce, etc. you should
keep the Pension Fund updated of any and all
changes. This is to assure you received news,
updates and/or tax forms in a timely fashion.

2016 Pre-Retirement Seminars

The seminar is one-day held at Chicago Police Department Head Quarters.
◊
﻿The seminars are offered through the Chicago Police Department,
members need to register by calling Personnel @ 745-5342 or
registering through the Intranet at Employee Resources Services Division. [Seminar Dates]
For ﻿Qualifications for a CPD officer to attend [LINK]

Contacting the Office

The office is open Monday through Friday 8:30am to 4:30pm.
Phone (312) 744-3891...
[More]
The office is located at 221 North Lasalle Street, Suite 1626..
[More]

Pre-Retirement Seminars

Tuesday, March 22nd

Tuesday, April 26th

Tuesday, October 25th

A HISTORY OF THE FUND

The history of the Policemen's Annuity and Benefit Fund of Chicago
began on April 29, 1887, when the Illinois General Assembly
authorized the creation of the Fund, for "Cities, Towns,
and Villages having a population of 500,000 or more.Read More...